Investorideas.com energy stocks newswire

Monday, October 21, 2013

HOUSTON - October 21, 2013 (Investorideas.com Newswire) HII Technologies, Inc. (the "Company"), symbol HIIT (OTCBB/OTCQB: HIIT),
an oilfield services company headquartered in Houston, Texas, with
operations in Texas, Oklahoma, Ohio and West Virginia, today announced
that its preliminary unaudited results for consolidated revenues from
operations for the quarter ended September 30, 2013 were approximately
$3.9 million.

On a consolidated basis, the Company's revenues for the quarter
ended September 30, 2013 were about $3.9 million, an increase of over
790% compared to the third quarter 2012 consolidated pro forma revenues
of approximately $438,000. The pro forma figure is the total revenues
for the full third quarter of 2012 given that AES was purchased during
that quarter. Further, the Company's preliminary third quarter 2013
revenues represented an increase of approximately 21% from the Company's
second quarter 2013 revenues, which were approximately $3.2 million.
The revenues on a consolidated basis for the nine months ended September
30, 2013 were approximately $9.7 million.
Mr. Flemming, CEO HII Technologies, stated, "AES Water Solutions
continued to perform well during the third quarter 2013 from continued
demand for its services. AES' frac water supply activities continued to
experience strong growth in Oklahoma and Texas as compared to the year
ago period. The Company also expanded into flow back services during the
third quarter contributing to the increase in revenue. AES Safety
Services grew during the quarter adding new customer sites in Texas and
Ohio. The Company anticipates additional organic growth in the Safety
Services area. South Texas Power also increased its revenues and has
placed an order for approximately $325,000 of new oilfield customized
mobile generators based on customer demand."
The Company anticipates filing its Quarterly Report on Form 10-Q
for the period ended September 30, 2013 and announcing earnings and
related financial results for the period by November 15, 2013.About HII Technologies, Inc.
HII Technologies, Inc. is a Houston, Texas based oilfield services
company with operations in Texas, Oklahoma, Ohio and West Virginia. The
Company is positioned to take advantage of the significant anticipated
growth in horizontal drilling and hydraulic fracturing within the United
States' active shale and unconventional "tight oil" plays by deploying
new oilfield related technologies to enhance the value of services it
offers its customers. The Company's frac water supply services
subsidiary does business as AES Water Solutions, its onsite oilfield
contract safety consultancy does business as AES Safety Services, and
its mobile oilfield power subsidiary does business as South Texas Power
(STP). The holding company, HII Technologies' objective is to bring
proven technologies to these operating divisions to build a long-term
competitive advantage. Read more at www.HIITinc.com, www.AESwatersolutions.com and www.Oilfield-Generators.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. Any
statements as to matters that are not of historic fact are
forward-looking statements. These forward-looking statements are based
on HII's current expectations, estimates and projections about HII, its
industry, its management's beliefs and certain assumptions made by
management, and include statements regarding estimated capital
expenditures, future operational and activity expectations,
international growth, and anticipated financial performance in 2013. No
assurance can be given that such expectations, estimates or projections
will prove to have been correct. Whenever possible, these
"forward-looking statements" are identified by words such as "expects,"
"believes," "anticipates" and similar phrases.
Readers are cautioned that any such forward-looking statements are
not guarantees of future performance and are subject to certain risks,
uncertainties and assumptions that are difficult to predict, including,
but not limited to: risks that HII will be unable to achieve its
financial, capital expenditure and operational projections, including
quarterly and annual projections of revenue and/or operating income and
risks that HII's expectations regarding future activity levels, customer
demand, and pricing stability may not materialize (whether for HII as a
whole or for geographic regions and/or business segments individually);
risks that fundamentals in the U.S. oil and gas markets may not yield
anticipated future growth in HII's businesses, or could further
deteriorate or worsen from the recent market declines, and/or that HII
could experience further unexpected declines in activity and demand for
its hydraulic frac related water transfer business, its safety
consultancy business or its generator and related equipment rental
service businesses; risks relating to HII's ability to implement
technological developments and enhancements; risks relating to
compliance with environmental, health and safety laws and regulations,
as well as actions by governmental and regulatory authorities; risks
that HII may be unable to achieve the benefits expected from acquisition
and disposition transactions, and risks associated with integration of
the acquired operations into HII's operations; risks, in responding to
changing or declining market conditions, that HII may not be able to
reduce, and could even experience increases in, the costs of labor,
fuel, equipment and supplies employed and used in HII's businesses;
risks relating to changes in the demand for or the price of oil and
natural gas; risks that HII may not be able to execute its capital
expenditure program and/or that any such capital expenditure
investments, if made, will not generate adequate returns; and other
risks affecting HII's ability to maintain or improve operations,
including its ability to maintain prices for services under market
pricing pressures, weather risks, and the impact of potential increases
in general and administrative expenses.
Because such statements involve risks and uncertainties, many of
which are outside of HII's control, HII's actual results and performance
may differ materially from the results expressed or implied by such
forward-looking statements. Given these risks and uncertainties, readers
are cautioned not to place undue reliance on such forward-looking
statements. Other important risk factors that may affect HII's business,
results of operations and financial position are discussed in its most
recently filed Annual Report on Form 10-K, recent Quarterly Reports on
Form 10-Q, recent Current Reports on Form 8-K and in other Securities
and Exchange Commission filings. Unless otherwise required by law, HII
also disclaims any obligation to update its view of any such risks or
uncertainties or to announce publicly the result of any revisions to the
forward-looking statements made here. However, readers should review
carefully reports and documents that HII files periodically with the
Securities and Exchange Commission.Contact:
Matthew Flemming, HII Technologies, Inc. +1-713-821-3157.Disclaimer/
Disclosure: The Investorideas.com is a third party publisher of news
and research Our sites do not make recommendations, but offer
information portals to research news, articles, stock lists and recent
research. Nothing on our sites should be construed as an offer or
solicitation to buy or sell products or securities. This site is
currently compensated by featured companies, news submissions and online
advertising.More: http://www.investorideas.com/About/Disclaimer.asp.
Disclosure: HII Technologies, Inc.: one month profile and news
distribution effective March 20, 2013 with option to renew: two thousand
per monthBC Residents and Investor Disclaimer: Effective September
15 2008 - all BC investors should review all OTC and Pink sheet listed
companies for adherence in new disclosure filings and filing appropriate
documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894